North Dakota variant. This is a North Dakota-specific version of the Homeowners Insurance Estimator, using pre-defined local figures (tax rates, median home and income values, and typical regional costs). For the full formula, methodology, and FAQ, open the main Homeowners Insurance Estimator.
Homeowners insurance in North Dakota typically runs about 0.30%–0.40% of home value per year. On the $250,000 median home, that's roughly $875 annually.
What North Dakota homeowners insurance covers
Premiums fund dwelling coverage, personal property, liability, and loss of use. North Dakota's $250,000 median home value sets the baseline dwelling coverage and therefore the premium.
Local risk - wildfire, hurricane, hail, flood - drives big swings. Flood is separately insured. Use the estimator to refine the North Dakota average for your build cost and deductible.
About taxes and housing in North Dakota
North Dakota has one of the lowest top income tax rates in the country, with a top marginal rate around 2.5%.
North Dakota's effective property tax rate is near 0.98%, with median home values around $250,000.
North Dakota's economy is strongly tied to oil and gas production in the Bakken formation along with large-scale agriculture.
Worked example: $250,000 home
$250,000 × 0.35% ≈ $875/year ($73/month). Replacement-cost coverage, not market value, ultimately sets the premium - land value is excluded.
Quick reference
- State income tax: 1.95-2.5% across 3 brackets (lowest top rate)
- State sales tax: 5% (plus 1.97% avg local)
- Median home value: $250,000
- Median household income: $73,959
- Effective property tax rate: 0.98%
- Avg auto insurance: $1,240/yr
Frequently Asked Questions
How much is homeowners insurance in North Dakota?
Roughly $875/year on the $250,000 median home, varying with local catastrophe risk.
Does homeowners insurance cover floods in North Dakota?
No - flood coverage is purchased separately through the NFIP or private insurers.